337 KIMBALL AVE Yonkers NY 10704-3072

The building consists of 2 commercial units on the main level and 1 residential, 3 bedroom unit, on the second floor and a full basement with potential of 2 car garage. The 1,800’ residential unit has been recently renovated including new plumbing and appliances. The tenant has 1.5 year remaining on lease and is currently paying $3,475 monthly. The 2nd floor is separately metered.

The commercial spaces are currently occupied by 3 tenants. One of the units is occupied by a doctor’s office that has been operating for 10 years. They have about 8 years left on their lease, paying $2,498 per month with annual increases and contributes to tax increases and utilities. The other commercial units are occupied by 2 office tenants which pay $2,600 total monthly. Each tenant is currently in a lease with 1 year remaining. The total combined monthly rent is $8,471; however, the owner receives $5,700 of extra income annually though utility contributions and tax increases. The owner currently collects a gross annual income of $108,576. Expenses are $24,30000 respectively with a total NOI of $84,276.

• High traffic area
• Private parking
• Fully occupied
• Strong tenency